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Arizona-based banks are trying to get off the mat but, like overmatched prizefighters, some remain bloody and dazed.
The 55 commercial banks based in the state are mostly small institutions with one or a few offices, in contrast to major nationally chartered operations doing business in the state.
On balance, they are in worse shape than banks nationally and in worse shape than they were a year ago, according to the Federal Deposit Insurance Corp. more…